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Neoclassical liberalism (alternatively spelled neo-classical liberalism[a] or known as new classical liberalism[b]) is a tradition of the liberal thought that, with the premises of John Locke's classical liberalism applied to industrialized societies, stands in opposition to the welfare state and social liberalism.[1]: 124–125 [2]: 596 In the United States, the Arizona School of liberalism, also referred to as "bleeding-heart libertarianism", adopted the term neoclassical liberal to advance certain ideas of Chicago School economist Milton Friedman within the American libertarian movement, including the school voucher system and the negative income tax.[3][4]: 571–572
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- ^ Mayne, Alan James (1999). From Politics Past to Politics Future: An Integrated Analysis of Current and Emergent Paradigms. Westport, Connecticut: Praeger Publisher. ISBN 0-275-96151-6. LCCN 98-31077.
- ^ Grigsby, Ellen (2011). "Neoclassical Liberals". In Ishiyama, John T.; Breuning, Marijke (eds.). 21st Century Political Science A Reference Handbook. Sage Publications. ISBN 978-1483305462.
- ^ Kling, Arnold (29 September 2003). "Bleeding-Heart Libertarianism". Archived from the original on 19 May 2012.
- ^ Maloberti, Nicolás (2015). "Rawls and Bleeding Heart Libertarianism: How Well Do They Mix?" (PDF). The Independent Review. 19 (4). Independent Institute. Archived (PDF) from the original on 2022-10-14. Retrieved 2023-09-01.